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Swiss market falls slightly

The Swiss stock market fell slightly on Tuesday after a very dull session as investors were looking for clues to the direction.

Benchmark SMI recovered after an early setback and moved along the flat line until near the end of the session. The index, which fell to 11,645.43 in the early trading, ended the session at 11,756.76 with a loss of 14.81 points or 0.13%.

Givaudan’s share fell 2.36%, despite fragrance and flavor makers reporting modest sales growth in the first nine months of the year.

Roche Holding and Archon lost 1.06% and 1.01%, respectively. Holcim, UBS Group, Novartis and Credit Suisse fell slightly.

ABB, Swisscom, Geberit, Partners Group, Zurich Insurance Group, SGS, and Netle increased 0.4-0.85%.

Lonza Group rose nearly 0.5%.With chemicals technology Driven by the strong momentum of the business as a whole, the company updated its medium-term guidance for the 2024 group and division.

Among the stocks in the SMI Medium Price Index, Lindt & Spruengli fell almost 1%. AMS, Dufry, BB Biotech and Baloise Holding lost 0.5-0.71%.

Tecan Group rose nearly 2% and SIG Combibloc, VAT Group and Cembra Money Bank rose 1.3-1.5%. Both Zur Rose and Schindler Ps rose nearly 1%.

of coronavirus News, Switzerland health Authorities say new Covid-19 infections, nosocomial infections, and deaths are all expected to stabilize “at a high level.” Officials added that the hospital situation was still tense.

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Swiss market falls slightly

Source link Swiss market falls slightly

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